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Elon Musk says it's 'dumb' to call billionaires bad

2022-05-27T20:18:37.158Z


Elon Musk, the world's richest man, said Thursday on Twitter that billionaires are not bad people. Musk, the richest man in the world, meets with Bolsonaro 1:09 New York (CNN Business) -- Elon Musk, the world's richest man, said Thursday on Twitter that billionaires are not bad people. Musk tweeted that it is "morally wrong and foolish" to use the word billionaire as a pejorative if that person is using their wealth to create products that make "millions of people" happy. Elon Musk denies al


Musk, the richest man in the world, meets with Bolsonaro 1:09

New York (CNN Business) --

Elon Musk, the world's richest man, said Thursday on Twitter that billionaires are not bad people.

Musk tweeted that it is "morally wrong and foolish" to use the word billionaire as a pejorative if that person is using their wealth to create products that make "millions of people" happy.

  • Elon Musk denies allegations of sexual harassment by a SpaceX flight attendant

He added that if he could, he would also get rid of charitable deductions and class action lawsuits.

Musk was responding to a tweet that read: "I feel like billionaires are more benign when they're trying to make money and more nefarious when they spend it trying to 'do good.

Musk conducted a poll on Twitter, asking his 95 million followers who they trust least: politicians or billionaires.

As of noon Friday, three-quarters of the 2.8 million respondents said they trust politicians less.

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He then tagged Rep. Alexandria Ocasio-Cortez, who recently told Bloomberg she wanted to replace her Tesla with an electric vehicle made by a company that supports unionization.

Musk challenged the Democratic congresswoman to conduct the same poll with her own supporters.

Musk has largely opposed unionizing Tesla in the past.

"A union is just another corporation," Musk said in another tweet on Thursday, which had gained 4,000 likes as of noon Friday.

"It's much better for companies to compete on your skills, so you have maximum choice."

Musk's pro-billionaire tweets came as the World Economic Forum in Davos draws to a close.

The annual gathering of millionaires and billionaires has routinely faced criticism that the world's richest people do not contribute significant sums to solve the world's biggest problems, as vulnerable populations around the world are expected to face rising energy prices, extreme weather and rising food prices this year.

Gabriela Bucher, executive director of Oxfam International, told CNN Business in Davos this week that governments should tax the wealth of the world's richest people.

Why is Musk asking about fake Twitter accounts?

1:48

This isn't the first time Musk has weighed in on how billionaires should spend their money.

On Monday, David Beasley, head of the UN World Food Program, gave the Associated Press an update on his feud with the billionaire, which sparked when he said in a 2021 CNN interview that billionaires must step up to combat the Hunger in the world.

Beasley suggested that $6 billion, or 2% of Musk's net worth at the time, could help resolve the crisis.

"Musk put $6 billion into a foundation. But everyone thought it came to us, but we haven't gotten anything yet. So I'm hopeful," Beasley told the Associated Press in Davos.

Musk then responded to Beasley, tweeting that he would sell Tesla stock "right now" if the food program could detail how $6 billion would solve world hunger.

Beasley then responded with a 1,000-word "executive summary" explaining how the UN could use the money to feed more than 40 million people in 43 countries.

The WFP has received no funding from Musk.

Although Beasley directly asked Musk for help when he spoke to the Associated Press, he said he remains hopeful.

"I don't know what it will take," Beasley said.

"We're trying every angle, you know: Elon, we need your help bro."

Last November, Musk donated roughly $5.7 billion worth of Tesla stock to an undisclosed charity, a donation that made him the second-biggest US donor in 2021, behind Bill Gates and Melinda French. Gates.

Julia Horowitz and Jackie Wattles of CNN Business contributed to this report.

Source: cnnespanol

All news articles on 2022-05-27

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